Table of Contents for Ticker Tape

Ticker Tape - International

FLYOVER FINALISED

The BMRCL and BBMP is to share the cost in building an integrated flyover and metro track from Ragiguuda temple in Jayanagar 9th block to Silk Board junction. The BMRCL has awarded the contract for the Rs.800 crore project. The flyover will be a four lane road executed by the BMRCL worth Rs.330 crores out of which Rs.100 crores will be paid by BBMP. It will cover about 4km between two points in the south Bengaluru ring road.

PUNE METRO’S PLAN

The Pune Metro project is to secure € 600 million financing from the European Investment Bank for which the agreement has been signed. The total sanctioned cost of the project is Rs.11,400 crore with a debt component of 58 per cent. The project is undertaken by Maha-Metro, an SPV created by the Government of India and the Government of Maharashtra on an equal partnership basis. The SPV will raise an estimated fund of €840 million externally.

INDUSTRIAL CORRIDOR PROGRESSes

The construction work is at a fast pace in the Shendra-Bidkin node of the project near Aurangabad in central Maharashtra, a corridor which will extend from the existing MIDC’s Shendra industrial park to Bidkin. The state government and the NICDIT formed an SPC JV- AITL which issued the LoA for projects worth Rs.1,223 crore to L&T. AITL has begun allotting land for industrial and related activities in the proposed smart city and the work is expected to be completed by August 2019.

DEVELOPMENT AID FOR INDIA

Expecting India to grow by 7.4 per cent and 7.6 per cent in this fiscal and the 2018-2019 fiscal respectively, the ADB committed $10 billion support for infrastructure building and immediate development needs of the less developed states in the country. Over the five-year period ADB is ready to fund $5 billion towards Uttar Pradesh, Chhattisgarh, Odisha, Jharkhand and Bihar.

ADB is prepared to invest up to $5 billion during 2018-2022 for infrastructure building to develop the East Coast Economic Corridor.

NE RAILWAY PROJECT

The Indian Railways is to pump Rs.40,000 crore to boost the infra development of the North-East region by undertaking 20 major projects. The projects involve laying 12 new lines and doubling of four lines at an estimated Rs.43,771 crores which will add 1,664 km of tracks in the region. The entire meter-gauge section in the region has been converted into broad-gauge, 29 new trains have been launched, and a 44km new line between Sevoke and Rangpo has been sanctioned for Sikkim.

HZL, UDAIPUR AGREEMENT

Hindustan Zinc is set to sign an agreement with Udaipur Smart City Ltd to set-up a 40 MLD capacity STP out of which 25 MLD capacity will be built at Eklingpura and two decentralised Sewage Treatment Plants with combined capacity of 15 MLD will be built along Ayad. HZL in 2014 had already commissioned a 20 MLD STP in the city. The new Rs.80 crore project may be a step towards treatment of domestic sewage and water conservation in the City.

CABLE BRIDGE OVER RAILWAY LINE

Mumbai may get its first cable-stayed ROB at Mahalaxmi and is proposed from the lane parallel to New Shirin Talkies at Jacob circle to Dr E Moses road near the racecourse. The project is estimated at Rs.80 – Rs.90 crore and the project plan is currently awaiting sanction from the railways. The need for the cable-stayed ROB is inevitable as the existing Mahalaxmi ROB is extremely congested and because pillars cannot be used as it is proposed over a railway line.

ADB’S LOAN TO INDIA

The ADB and the GOI signed a $275 million loan for improving urban services in 64 small towns in the State of MP. The project will develop sustainable, inclusive, and climate-resilient water supply in 64 small and medium-sized towns, and integrated storm water and sewerage infrastructure in two heritage towns of Khajuraho and Rajnagar. The Government of MP will provide counterpart support of $124 million. The project will run for almost five years with an expected completion date of June 2022.

NAGPUR EXPRESSWAY QUALIFIcations

15 companies and 10 bidders have been qualified by the MSRDC for the 700km Mumbai-Nagpur Expressway in the JV and solo mode. The companies have been qualified from 27 bids submitted by 33 companies to MSRDC. The qualified bidders are to file financial bids with MSRDC by the next three months.

The work has been split into 16 packages ranging between 28 km and 73 km with costs varying from Rs.1,000 crore and Rs.2,700 crore.

Ticker Tape - International

FLYOVER FINALISED

The BMRCL and BBMP is to share the cost in building an integrated flyover and metro track from Ragiguuda temple in Jayanagar 9th block to Silk Board junction. The BMRCL has awarded the contract for the Rs.800 crore project. The flyover will be a four lane road executed by the BMRCL worth Rs.330 crores out of which Rs.100 crores will be paid by BBMP. It will cover about 4km between two points in the south Bengaluru ring road.

PUNE METRO’S PLAN

The Pune Metro project is to secure € 600 million financing from the European Investment Bank for which the agreement has been signed. The total sanctioned cost of the project is Rs.11,400 crore with a debt component of 58 per cent. The project is undertaken by Maha-Metro, an SPV created by the Government of India and the Government of Maharashtra on an equal partnership basis. The SPV will raise an estimated fund of €840 million externally.

INDUSTRIAL CORRIDOR PROGRESSes

The construction work is at a fast pace in the Shendra-Bidkin node of the project near Aurangabad in central Maharashtra, a corridor which will extend from the existing MIDC’s Shendra industrial park to Bidkin. The state government and the NICDIT formed an SPC JV- AITL which issued the LoA for projects worth Rs.1,223 crore to L&T. AITL has begun allotting land for industrial and related activities in the proposed smart city and the work is expected to be completed by August 2019.

DEVELOPMENT AID FOR INDIA

Expecting India to grow by 7.4 per cent and 7.6 per cent in this fiscal and the 2018-2019 fiscal respectively, the ADB committed $10 billion support for infrastructure building and immediate development needs of the less developed states in the country. Over the five-year period ADB is ready to fund $5 billion towards Uttar Pradesh, Chhattisgarh, Odisha, Jharkhand and Bihar.

ADB is prepared to invest up to $5 billion during 2018-2022 for infrastructure building to develop the East Coast Economic Corridor.

NE RAILWAY PROJECT

The Indian Railways is to pump Rs.40,000 crore to boost the infra development of the North-East region by undertaking 20 major projects. The projects involve laying 12 new lines and doubling of four lines at an estimated Rs.43,771 crores which will add 1,664 km of tracks in the region. The entire meter-gauge section in the region has been converted into broad-gauge, 29 new trains have been launched, and a 44km new line between Sevoke and Rangpo has been sanctioned for Sikkim.

HZL, UDAIPUR AGREEMENT

Hindustan Zinc is set to sign an agreement with Udaipur Smart City Ltd to set-up a 40 MLD capacity STP out of which 25 MLD capacity will be built at Eklingpura and two decentralised Sewage Treatment Plants with combined capacity of 15 MLD will be built along Ayad. HZL in 2014 had already commissioned a 20 MLD STP in the city. The new Rs.80 crore project may be a step towards treatment of domestic sewage and water conservation in the City.

CABLE BRIDGE OVER RAILWAY LINE

Mumbai may get its first cable-stayed ROB at Mahalaxmi and is proposed from the lane parallel to New Shirin Talkies at Jacob circle to Dr E Moses road near the racecourse. The project is estimated at Rs.80 – Rs.90 crore and the project plan is currently awaiting sanction from the railways. The need for the cable-stayed ROB is inevitable as the existing Mahalaxmi ROB is extremely congested and because pillars cannot be used as it is proposed over a railway line.

ADB’S LOAN TO INDIA

The ADB and the GOI signed a $275 million loan for improving urban services in 64 small towns in the State of MP. The project will develop sustainable, inclusive, and climate-resilient water supply in 64 small and medium-sized towns, and integrated storm water and sewerage infrastructure in two heritage towns of Khajuraho and Rajnagar. The Government of MP will provide counterpart support of $124 million. The project will run for almost five years with an expected completion date of June 2022.

NAGPUR EXPRESSWAY QUALIFIcations

15 companies and 10 bidders have been qualified by the MSRDC for the 700km Mumbai-Nagpur Expressway in the JV and solo mode. The companies have been qualified from 27 bids submitted by 33 companies to MSRDC. The qualified bidders are to file financial bids with MSRDC by the next three months.

The work has been split into 16 packages ranging between 28 km and 73 km with costs varying from Rs.1,000 crore and Rs.2,700 crore.